Kellogg, Lennar, Spirit Airlines and others

Kellogg, Lennar, Spirit Airlines and others

Check out the companies making headlines before the bell: Kellogg (K) – Kellogg jumped 8.1% in premarket trading after announcing plans to split into three separate public companies. One entity will comprise the snack and international cereal businesses, another the US cereal business and the third will be a pure-play plant-based food producer. Lennar (LEN) … Read more

5 things to know before the stock market opens Tuesday, June 21

5 things to know before the stock market opens Tuesday, June 21

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to bounce after S&P 500’s worst seek since 2020 The sign for Wall Street is seen with US flags outside the New York Stock Exchange. Yuki Iwamura | Afp | Getty Images Dow futures … Read more

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession Risks kept investors cautious. World stocks have edged higher so far this week, … Read more

Elon Musk says 3 issues need to be resolved before Twitter deal closes

In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Light Rocket | Getty Images Elon Musk says there are three main hurdles to overcome before he can complete his purchase of Twitter. Musk is seeking to buy Twitter for $44 … Read more

Thousands walk out in Britain’s biggest rail strike in 30 years as Johnson vows to stay firm

More than 40,000 rail workers walk out Government under pressure over cost-of-living crisis Unions say strike may start ‘summer of discontent’ LONDON, June 21 (Reuters) – Tens of thousands of workers walked out on the first day of Britain’s biggest rail strike in 30 years on Tuesday with passengers facing further chaos as both the … Read more

Bitcoin Bottom Finally In? Trader Who Predicted May 2021 Crash Looks at the State of BTC

The closely tracked crypto strategist who nailed the May 2021 collapse of Bitcoin is examining the state of BTC to determine whether the macro bottom is in for the leading digital asset. Pseudonymous analyst Dave the Wave tells his 117,000 Twitter followers that Bitcoin’s recent corrective move below $20,000 is reminiscent of BTC’s 2018 bear … Read more

Labor market ‘worse than the ’70s’ as strikes hit UK

A usually busy Waterloo Station is almost empty in London on June 21, 2022 as the biggest rail strike in over 30 years hits the UK. Ben Stansall | Afp | Getty Images LONDON – The labor market is “worse than the 1970s,” with massive rail strikes in the UK offering a sign of things … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

US Sanctions Help China Supercharge Its Chipmaking Industry

(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components. Most Read from Bloomberg Nineteen of the world’s 20 fastest-growing chip industry firms over the past four quarters, on average, hail from the world’s … Read more

Australia RBA meeting minutes, oil and currencies

SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Japanese stocks led gains, with the Nikkei 225 trading 1.84% higher to close at 26,246.31, while the Topix also rose by 2.05% to … Read more